There are people out there who are still in trouble, but there are ways they can avoid a foreclosure, if theyre willing to do the work, said Deborah McNaughton, author of The Essential Credit Repair Handbook.
Her alternatives include considering:
a short sale: That should be your first choice, she said.
a short refinance: If your payments are not behind, contact a lender to see if you are eligible.
a lease purchase option.
renting your house: When things get better ... you can always move back into your home. Gazette staff